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Oct 1, 2012
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>> such as reforming social security, medicare, higher taxes, lower taxes? >> yes. and on the table are all sorts of things that many people value a great deal and we may not be able to afford anymore. so should we have deductibility for second home mortgages? should we have deductibility for high-cost homes? should we have health insurance coverage provided by employers continue to be deductible? if so, for whom, should it be for all? and should we raise the age of entitlement, if so, to what level?" when someone says that about social programs, i want to also hear the answer to the question, "what are you doing with military spending? and how do you justify the tradeoff? we've gotta get the revenue someplace. where are you willing to cut? and if not, why not? when you're putting really valued things on the table. and simply saying that the wealthy are going to pay more doesn't solve the problem. the wealthy are going to need to pay more, but so is what most people define as the middle class, and there are going to be cuts across the board, including the military,
>> such as reforming social security, medicare, higher taxes, lower taxes? >> yes. and on the table are all sorts of things that many people value a great deal and we may not be able to afford anymore. so should we have deductibility for second home mortgages? should we have deductibility for high-cost homes? should we have health insurance coverage provided by employers continue to be deductible? if so, for whom, should it be for all? and should we raise the age of entitlement, if...
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Sep 30, 2012
09/12
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we cut the property taxes, the inheritance taxes and gift taxes and created 742,000 jobs. that's what we did in wisconsin. what they did in washington, they've got 23 million people unemployed and underemployed. that's their accomplishment. complete difference of philosophy and direction between my opponent and myself. >> our next question is from lisa petro directed first to governor thompson. >> this might be something we all can agree on but the approval ratings for congress can't get much worse than it is right now, the lack of productivity probably is aside of most of us in our jobs and we believe something has to change about the way congress operates. so to that do you believe any changes to the structure, for example term limits or the operational procedures like the 60% filibuster rule in the senate, you think any of those changes should be made and if so, please name them pennsylvania. >> first off, you have to sit down and talk. when i was governor the democrats controlled the legislature in both houses for 12 1/2 out of my 14 years. we accomplished great things
we cut the property taxes, the inheritance taxes and gift taxes and created 742,000 jobs. that's what we did in wisconsin. what they did in washington, they've got 23 million people unemployed and underemployed. that's their accomplishment. complete difference of philosophy and direction between my opponent and myself. >> our next question is from lisa petro directed first to governor thompson. >> this might be something we all can agree on but the approval ratings for congress...
WHUT (Howard University Television)
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Oct 4, 2012
10/12
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addressing romney's tax plan, obama said romney's effort to cut taxes for the wealthy would be to the gutting of essential government programs. box for 18 months he has been running on this tax plan. five weeks before the election, now he is saying his big, bold idea is, "never mind." the fact is, if you are lowering the rates the way you described, governor, then it is not possible to come up with enough deductions and loopholes that only affect high-income individuals to avoid either raising the deficit or burdening the middle class. it is math. >> mitt romney challenged obama's assertion that his tax plan would cost the country $five trillion in revenue, the knowledge to cut spending on government programs will drastically increasing funding for the military. in a jab that quickly exploded on twitter car romney told moderator jim lehrer he would cut funds to employer pbs, despite his love for certain sesame street character. >> i am sorry, jim, i'm going to stop the subsidy to pbs. i love big bird. i like you, too, but i am not one keep spending money on things to borrow money from
addressing romney's tax plan, obama said romney's effort to cut taxes for the wealthy would be to the gutting of essential government programs. box for 18 months he has been running on this tax plan. five weeks before the election, now he is saying his big, bold idea is, "never mind." the fact is, if you are lowering the rates the way you described, governor, then it is not possible to come up with enough deductions and loopholes that only affect high-income individuals to avoid...
WHUT (Howard University Television)
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Oct 4, 2012
10/12
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and the atm and the tax taxes, reduce dividend and capital gains taxes. that's 6 trillion. what he's saying tonight is he's going to pay for it by closing loopholes or preferences but won't tell you which ones. maybe the chain can capitalize on that as john said earlier, but i think it does beg the question, why couldn't barack obama capitalize on that. >> rose: kathy, you wanted to say something. >> charlie i was wondering halfway through the debate whether the campaign had made a strategic decision, the likability advantage that the president has is so valuable to them that they didn't want to jeopardize that by him attacking mitt romney and coming across as unlikeable or less likeable, because you know it was astonishing that he didn't go after mitt romney. i was just talking to david -- in the room just a couple minutes ago, he made the case far more convincingly, far more aggressively and concisely for what president obama was trying to lay out the next four years than obama himself did up on the stage. i mean there was just time and again mitt romney managed to seize
and the atm and the tax taxes, reduce dividend and capital gains taxes. that's 6 trillion. what he's saying tonight is he's going to pay for it by closing loopholes or preferences but won't tell you which ones. maybe the chain can capitalize on that as john said earlier, but i think it does beg the question, why couldn't barack obama capitalize on that. >> rose: kathy, you wanted to say something. >> charlie i was wondering halfway through the debate whether the campaign had made a...
WHUT (Howard University Television)
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Oct 4, 2012
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italian police arrested the head of a private tax collection agency. the man suspected of pocketing $130 million his agency gathered for local governments. the italian government is cracking down on tax evasion as a way to reduce its massive debt. police officials say the suspect and four of his employees misappropriated about $100 million euros between 2006 and 2009. the private agency had been commissioned by about 400 pounds to collect taxes. the suspects reportedly spent the money on private jets, yachts, parties and other luxuries. police have seized cash and real estate worth about $11 million. >>> the european union is trying to reach a consensus among its leaders to conclude an economic partnership agreement with japan. the eu administrative body, the european commission, proposed epa negotiations with japan in july. nhk obtained a draft statement, summarizing the summit, schedule ford october 18th and 19th in brusselse brussels. it calls on countries to begin negotiations with japan to conclude the epa. automobile makers in italy, france and g
italian police arrested the head of a private tax collection agency. the man suspected of pocketing $130 million his agency gathered for local governments. the italian government is cracking down on tax evasion as a way to reduce its massive debt. police officials say the suspect and four of his employees misappropriated about $100 million euros between 2006 and 2009. the private agency had been commissioned by about 400 pounds to collect taxes. the suspects reportedly spent the money on...
WHUT (Howard University Television)
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Oct 8, 2012
10/12
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those who do so risk losing their churches' tax-exempt status. according to a recent survey by the christian polling organization lifeway, 87% of pastors believe pastors should refrain from making political endorsements. the survey included both evangelical and mainline clergy. >>> the supreme court opened its new term on monday and a majority of the justices -- six of the nine -- attended the annual red mass, held the sunday before at st. matthew's cathedral in washington. at the annual event, catholic leaders encourage the justices to draw wisdom from their faith as they make their decisions. the court is set to tackle controversial issues once again this term, including a case involving affirmative action at the university of texas. many religious groups are anxious to see if the court will also agree to hear arguments on same-sex marriage. >>> a leading opponent of same-sex marriage, catholic bishop salvatore cordileone, has been elevated to archbishop of san francisco. cordileone was formally installed in a ceremony on thursday. in the past,
those who do so risk losing their churches' tax-exempt status. according to a recent survey by the christian polling organization lifeway, 87% of pastors believe pastors should refrain from making political endorsements. the survey included both evangelical and mainline clergy. >>> the supreme court opened its new term on monday and a majority of the justices -- six of the nine -- attended the annual red mass, held the sunday before at st. matthew's cathedral in washington. at the...
WHUT (Howard University Television)
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Oct 4, 2012
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. >> the president counterpunched on tax and spending, insisting romney would serve only the wealthiest americans. >> budgets reflect choices. we will have to make decisions. if we are asking for no revenue, then that means we have to get rid of a whole bunch of stuff and the magnitude of the tax cuts you are talking about, governor, would result in severe hardship for people, but more importantly, it would not help us grow. >> for much of the debate it was a talented who appeared more relaxed, more animated, even when cut short by the moderator. >> we are way over our first 15 minutes. >> the smile of a man enjoying himself. and then helped year, the president owes its signature a form which mitt romney wants to undo. >> i don't know how the president could have come into office facing 23 million people out of work, rising unemployment, an economic crisis at the kitchen table, and spend his energy and passion if fighting for obamacare for two years instead of fighting for jobs for the american people. it has killed jobs. >> if you appeal obamacare, and have become fond of the term, if
. >> the president counterpunched on tax and spending, insisting romney would serve only the wealthiest americans. >> budgets reflect choices. we will have to make decisions. if we are asking for no revenue, then that means we have to get rid of a whole bunch of stuff and the magnitude of the tax cuts you are talking about, governor, would result in severe hardship for people, but more importantly, it would not help us grow. >> for much of the debate it was a talented who...
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if you look at the chart, you can see that the most income from our taxes come from individual taxes. the third bar is corporate taxes and you can see the 7.9%. now, we have about $200 billion from corporate taxes. that is how much our government received from corporations. that was for prfits in the year 2011. $2 trillion. if you can figure it out, that's a 10% tax rate. in other words, there are so many deducons and special deals for the high rollers, the big people. even at 35%, we don't get a good deal. neil: mitt romney got in trouble when he tried to clarify just that view. but i'm not going to lower taxes as much as you think, i'm going to get rid of a lot of deductions and he left himself open to critics who said wait a minute, you were tax cuts are worth the paper they are printed on. but the goal is to get to a simpler tax code that when you takout some of the extraneous write-offs and allowances, credits, etc., and that he will get it something that makes it a black-and-white case,. >> and there is a question which is why don't politicians wanted. you would assume that they
if you look at the chart, you can see that the most income from our taxes come from individual taxes. the third bar is corporate taxes and you can see the 7.9%. now, we have about $200 billion from corporate taxes. that is how much our government received from corporations. that was for prfits in the year 2011. $2 trillion. if you can figure it out, that's a 10% tax rate. in other words, there are so many deducons and special deals for the high rollers, the big people. even at 35%, we don't get...
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Oct 6, 2012
10/12
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promised so it's the estate tax plus a.m.t. plus keeping bush, plus lowering rates plus cutting capital gains taxes. you put them together, they add up to 5 trillion but in romney's mind his plan may be just saving the bush tax cuts or one of these five. >> what obama has done is landfalled onto a study that says because the math doesn't add up according to th experts, therefore what romney is going to do is raise taxes on the middle class. he goes around saying that as if it was romney's intent. that's not romney's intent. romney god -- got to say the president is the one who's not telling the truthecaui woul do . >> a romney advisor last week said we have two goals. one is deficit reduction, one is tax cuts. cuts ie w we'll do deficit reduction. gwen: there's anoth numbe $716 million to deal with medicare but it's coming from different places and going to different places and trefore th fin - of de u in a draw. >> for the president's health care plan, in order to fund it they assumed savings over 10 years of $716 billion for
promised so it's the estate tax plus a.m.t. plus keeping bush, plus lowering rates plus cutting capital gains taxes. you put them together, they add up to 5 trillion but in romney's mind his plan may be just saving the bush tax cuts or one of these five. >> what obama has done is landfalled onto a study that says because the math doesn't add up according to th experts, therefore what romney is going to do is raise taxes on the middle class. he goes around saying that as if it was romney's...
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Oct 1, 2012
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the -- there is a 4.8% tax, an additional 0.9% on your medicare tax. when does that, if you combine it, it is almost 5% increase without reversing of the bush tax cut. >> it is a substantial tax increase. >> for people like us with substantial incomes. >> i am the tax cut. the part of that i would endorse is the increase in the medicare tax. it is on pleasant and it is unpalatable. that is step one. >> what will the average person pay for their medicare tax a month for how long and when to get the 0.9% added? >> it is a good question. >> is added after one to $25,000? >> i think it is added after $200,000, or $250,000. i am not sure. right now, the medicare taxes 1.45% on all of your salary income. it would go to 2.35%. >> both sides talk about the $750 billion savings. [laughter] who is right? >> we had both become incredibly frustrated. it has to do with the way this is talked about in washington. it has nothing to do with what real people talk about with real money in their lives. the current projection is medicare spending would increase by hundred
the -- there is a 4.8% tax, an additional 0.9% on your medicare tax. when does that, if you combine it, it is almost 5% increase without reversing of the bush tax cut. >> it is a substantial tax increase. >> for people like us with substantial incomes. >> i am the tax cut. the part of that i would endorse is the increase in the medicare tax. it is on pleasant and it is unpalatable. that is step one. >> what will the average person pay for their medicare tax a month for...
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Oct 1, 2012
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our tax rates and deregulate. in the book, i tell the stories of new disee zealand, israel, a number of countries that have faced crisis far exceeding our current predicament. and new zealand is one of favorites. it was the third richest country in the world in the 1930s and by the 1980s it was the third world country. and it couldn't even feed itself. and 5% -- 45% of all agricultural revenue came from the deposit. it was socially a socialist country. they flat end out all of their government spending. eliminating alling a churm sub i dids and new see land began feeding itself and became the great source of the food around the world and competed in dairy with wisconsin so aggressively that the wisconsin dairymen accused of them of unfair trading practice alls all the way from new zealand. it is the great vanity of bureaucrats that somehow their jobs are awfully important. but after the second world war, we eliminated 150,000 bureau crateds, millions of federal workers and the same economists are therefore bearers
our tax rates and deregulate. in the book, i tell the stories of new disee zealand, israel, a number of countries that have faced crisis far exceeding our current predicament. and new zealand is one of favorites. it was the third richest country in the world in the 1930s and by the 1980s it was the third world country. and it couldn't even feed itself. and 5% -- 45% of all agricultural revenue came from the deposit. it was socially a socialist country. they flat end out all of their government...
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Sep 30, 2012
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when we tax our job creators at much higher tax rates than foreign competitors, we lose and they win. we do not want to tax the small businesses. our jobs come from these successful small businesses. we want them to hire more people. that is essential. none of this is going to work, no business will be confident to take the risk to hire people, give the raises and job security, if they see the government borrowing and spending like it is. we cannot keep borrowing 36 cents of every dollar the government spends. we cannot keep the federal reserve doing what it is doing. we cannot keep looking our children in the eye knowing we're going to give them a diminished future because we are spending their money today. it is a simple idea. mitt romney and i are going to bring it to washington. we have to stop spending money we do not have. we must cut spending. we must get the balanced budget. we must get the debt under control. [applause] this not only hurts our economy with the threat of higher interest rates and much higher tax rates. ournow we're giving children and grandchildren a lower sta
when we tax our job creators at much higher tax rates than foreign competitors, we lose and they win. we do not want to tax the small businesses. our jobs come from these successful small businesses. we want them to hire more people. that is essential. none of this is going to work, no business will be confident to take the risk to hire people, give the raises and job security, if they see the government borrowing and spending like it is. we cannot keep borrowing 36 cents of every dollar the...
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Oct 4, 2012
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extension of the bush tax cuts. that's another trillion dollars. and $2 trillion in additional military spending that the military hasn't asked for. >> i don't have a $5 trillion tax cut. i don't have a tax cut of a scale that you're talking about. my view is that we ought to provide tax relief to people in the middle class. >> reporter: all right. two contending points there. only one of them can be right. paul singer, the fact checker here tonight, political editor at "u.s.a. today." who's right? >> mitt romney does have tax cuts in his plan. the issue is it really a $5 trillion tax cut because what he says is if it will -- says but it will make more revenue because it creates more jobs. those people then start paying taxes. so it doesn't actually cut revenues to the government. but there are cuts in the tax rate that individuals pay. i'm not sure how to count whether that is or is not a tax cut. >> reporter: okay. bottom line, $5 trillion not $5 trillion or there is no bottom line? >> the romney-ryan plan has nev
extension of the bush tax cuts. that's another trillion dollars. and $2 trillion in additional military spending that the military hasn't asked for. >> i don't have a $5 trillion tax cut. i don't have a tax cut of a scale that you're talking about. my view is that we ought to provide tax relief to people in the middle class. >> reporter: all right. two contending points there. only one of them can be right. paul singer, the fact checker here tonight, political editor at "u.s.a....
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the stimulus was one-third tax cuts, big payroll tax cuts. plenty of tax cuts. >> very true. >> and for small business tax cuts, too. >> export boom, exports on a monthly basis have risen 50% from their low in march of 2009. the difference is that we have an economy in which rising demand doesn't necessarily translate into more jobs instantly because we're so good at being productive. we use machinery and software computers. the other big difference between now and the '40s and '40 50s the rest of the world had basically destroyed the rest of its capacity in world war ii so we made everything we wanted, cars, t-shirts, socks, televisions, electronics. we made that all here in the u.s., were consumed it. we exported it because nobody else was doing it. we are not going back to a world in which we will have a monopoly on industrial production. in fact, it's the opposite. everybody else now hats hardware to make all the stuff that we did, so it is much more of a challenge to just say, you know, we're going to do these sort of three things that w
the stimulus was one-third tax cuts, big payroll tax cuts. plenty of tax cuts. >> very true. >> and for small business tax cuts, too. >> export boom, exports on a monthly basis have risen 50% from their low in march of 2009. the difference is that we have an economy in which rising demand doesn't necessarily translate into more jobs instantly because we're so good at being productive. we use machinery and software computers. the other big difference between now and the '40s...
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Oct 6, 2012
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one is deficit reduction, one is tax cuts. if tax cuts get in the way, we'll do deficit reduction. gwen: there's another number. $716 million to deal with medicare but it's coming from different places and going to different places and therefore they find -- kind of ended up in a draw. >> for the president's health care plan, in order to fund it they assumed savings over 10 years of $716 billion for medicare. mitt romney called that a cut in medicare as if it was a cut in beneficiaries. it's meant to come from providers. however, what romney was saying is that if you take that much from providers, some of them are going to stop taking medicare parents. the trick for him is that paul ryan, his running mate, also assumed the same $716 billion. gwen: and i believe romney's answer to that was i'm the candidate. >> i'm the boss. we're going to put that money back into medicare. gwen: going into these debates we were all probably guilty of setting the expectations bar and it was pretty high for president obama. i think the polls before showed him like 51% thought he was going to win. 29%
one is deficit reduction, one is tax cuts. if tax cuts get in the way, we'll do deficit reduction. gwen: there's another number. $716 million to deal with medicare but it's coming from different places and going to different places and therefore they find -- kind of ended up in a draw. >> for the president's health care plan, in order to fund it they assumed savings over 10 years of $716 billion for medicare. mitt romney called that a cut in medicare as if it was a cut in beneficiaries....
SFGTV: San Francisco Government Television
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Sep 30, 2012
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talk a little bit about the history of this agency, and the role of tax increment financing, which is what we're really talking about. in 1989 the old imperial redevelopment agency was done in by this board of supervisors when it allowed the use of tax increment financing subject to fundamental and basic changes in the structure of the redevelopment agency. and it has been that agency from 1990 on that we're dealing in terms of this successor agency. it is important to understand that the board of supervisors insisted that for the use of tax increment financing, understanding during the battle days of urban renewal no tax increment financing was allowed. the point is that the board of supervisors insisted on its direct control, including land use controls that i believe exist in this ordinance and in the amendments proposed by the council of community housing organizations. i would be happy to answer any questions, if there are any. seeing none, i will go. [ laughter ] >> we may have them later for you. thank you. next speaker. >> thank you. thank you, mr. president. members, my name
talk a little bit about the history of this agency, and the role of tax increment financing, which is what we're really talking about. in 1989 the old imperial redevelopment agency was done in by this board of supervisors when it allowed the use of tax increment financing subject to fundamental and basic changes in the structure of the redevelopment agency. and it has been that agency from 1990 on that we're dealing in terms of this successor agency. it is important to understand that the board...
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lori: remind me what tax reform should look like. >> we ought to be taxing consumption instead of productivity. the things that make an economy strong our work, savings, investment. those are things that make us stronger. we penalize the very things that are productive. we ought to be rewarding people are working and saving and investing because they're helping the economy to grow. that is why i am a fairfax -- fair tax supporter which would create a very different model. it is changing the foundation. lori: at the end of the day you need economic growth to be supportive of tax rates, and we are just come as you said, flat line at 1%. a revision, a downward revision. you know, hell are we going to get the overall growth rate higher? do we have to wait? obviously the election is so near, but are we just putting too much hope on to washington right now and not enough on good old fashion innovation and ingenuity? >> ingenuity and in this is great, but if government policies have their foot on the throats of the innovators and those who have the ability to create jobs it will take them somewhere e
lori: remind me what tax reform should look like. >> we ought to be taxing consumption instead of productivity. the things that make an economy strong our work, savings, investment. those are things that make us stronger. we penalize the very things that are productive. we ought to be rewarding people are working and saving and investing because they're helping the economy to grow. that is why i am a fairfax -- fair tax supporter which would create a very different model. it is changing...
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Oct 1, 2012
10/12
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because as liberals, we want to see the tax on work reduced, the tax on unearned wealth increased, and the system as a whole tilted in favour of those on low and middle incomes. the budget delivered all three. but let me make one thing clear, now that we have brought the top rate of tax down to 45p -- a level, let's not forget, that is still higher than throughout labour's 13 years in office -- there can be no question of reducing it further in this parliament. [applause] all future cuts in personal taxation must pass one clear test, do they help people on low and middle incomes get by and get on? it's as simple as that. at the next election, all parties will have to acknowledge the need for further belt tightening. that much is inescapable. but the key question we will all have to answer is who will have to tighten their belts the most? our position is clear. if we have to ask people to take less out or pay more in, we'll start with the richest and work our way down, not the other way around. we won't waver in our determination to deal with our debts. but we will do it in our own way,
because as liberals, we want to see the tax on work reduced, the tax on unearned wealth increased, and the system as a whole tilted in favour of those on low and middle incomes. the budget delivered all three. but let me make one thing clear, now that we have brought the top rate of tax down to 45p -- a level, let's not forget, that is still higher than throughout labour's 13 years in office -- there can be no question of reducing it further in this parliament. [applause] all future cuts in...
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Oct 3, 2012
10/12
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FOXNEWS
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but not dictions sufficient to take the taxes up. we hope the middle class will have a tax reduction even with the elimination of deductions and putting a cap on deductions actually gives more credibility because you can give the middle class more deductions. the governor also said if you have more incomes, you pay lower caps, in other words $17,000. the idea that taxes on the well-to-do and the successful and those who are making a lot money will not go down. middle classing we hope they will stay where they are, or come down. coming down is a possibility. the important part of this tax plan, is to remember, when you earn, say you earn $200,000 and you have $20,000 worth of deductions, so now you paying tax on $180,000. if you paid tax at 35 percent rate, obviously the rate will be below $35 percent because you do not pay on full $200,000. governor romney is saying reduce that rate and every dollar you earn offer the amount that uses up the tax deductions, you will pay the lowest rate on. it will encourage people to earn more money,
but not dictions sufficient to take the taxes up. we hope the middle class will have a tax reduction even with the elimination of deductions and putting a cap on deductions actually gives more credibility because you can give the middle class more deductions. the governor also said if you have more incomes, you pay lower caps, in other words $17,000. the idea that taxes on the well-to-do and the successful and those who are making a lot money will not go down. middle classing we hope they will...
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Oct 3, 2012
10/12
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CSPAN2
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we've had -- the tax, the church tax, we had the [inaudible] tax, we the grammy tax, panic at the pump. we had dinner, we country surface with rebekah brookes. [laughter] [laughter] he said the text remember? lol. [laughter] now what do we have? the minister murdoch becoming the minister for the national whole service. we have an international development secretary. she says she doesn't believe in international development. [laughter] again, e with have a party chairman who writes books about how to beat the recession under a false name. [laughter] i'm not making it up. i'm really not making it up. i have to say, if i was chairman of the conservative party, i would have a false name too. there it is. [applause] but here's my farted one, of course, -- my favorite one of all. he made an appointment in order to resign but david cameron was too competent to know that he wanted to resign. he's still in the government. they are so useless, they can't even resign properly. it's up to us. let he say to you, one tbhaition it another way of avoiding the difficult decisions. it's a way of making
we've had -- the tax, the church tax, we had the [inaudible] tax, we the grammy tax, panic at the pump. we had dinner, we country surface with rebekah brookes. [laughter] [laughter] he said the text remember? lol. [laughter] now what do we have? the minister murdoch becoming the minister for the national whole service. we have an international development secretary. she says she doesn't believe in international development. [laughter] again, e with have a party chairman who writes books about...
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Sep 30, 2012
09/12
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CSPAN
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bush talked about taxes. he didn't tell you he vetoed a middle class tax cut and vetoed an investment tafmg credit paid for by raising taxes on the wealthy. >> all right. we go to mr. perot for a two-minute question, and asked by john may can sheck. >> mr. perot, you asked about sharing the pain. as part of plan to reduce the federal deficit, you suggested we raise gasoline taxes 50 cents a gallon over the next five years. why punish the middle class to such a degree? >> it gets to 50 cents at the end of the fifth year. i think "punish" is the wrong word. again, i didn't create this problem. we a trying to solve it. if you study our international competitors, clengts up to $3.50 in taxes and use that mon to create jobs and build infrastructure. we collect 35 skhrentss and we don't have it to spend. i noi it's not popular, and i understand the nature of ur question, but the people who will be helped the most by it are the working people who will get the jobs created because of this why do we have to do it? kpw
bush talked about taxes. he didn't tell you he vetoed a middle class tax cut and vetoed an investment tafmg credit paid for by raising taxes on the wealthy. >> all right. we go to mr. perot for a two-minute question, and asked by john may can sheck. >> mr. perot, you asked about sharing the pain. as part of plan to reduce the federal deficit, you suggested we raise gasoline taxes 50 cents a gallon over the next five years. why punish the middle class to such a degree? >> it...
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its own police force, no income tax, no sales tax, no capital gains tax to all the property tax and no federal regulation. it sounds good to me. the man behind it joins us now from honduras. you came on the show a year ago to discuss the idea of a free city and its thousand you have made progress. >> we made considerable progress. we expect we will be able to break ground within 30 days after the honduran government finalizes the legislation identifying the regions and also appointing a governor. john: already the honduran legislature passed the bill authorizing the general principles 126-1. they are behind it. >> incredibly popular. congress realizes the best hope for prosperity is to create a special development regions. model that the special development regions that have been so spectacularly successful in china which has cities scale special development regions. also dubai which had 110-acre region that had its own legal system that imported british common law "by international financial center which resulted in billions of dollars of capital flowing in and one of the greatest fin
its own police force, no income tax, no sales tax, no capital gains tax to all the property tax and no federal regulation. it sounds good to me. the man behind it joins us now from honduras. you came on the show a year ago to discuss the idea of a free city and its thousand you have made progress. >> we made considerable progress. we expect we will be able to break ground within 30 days after the honduran government finalizes the legislation identifying the regions and also appointing a...
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Oct 1, 2012
10/12
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the earned income tax credit. i doubled the earned income tax credit. it was signed under the tax credit. reagan started it. we started it with a strong support of republicans in congress. president bush dealt with that, then president obama increased the earned income tax credit for families with more than three children. this is a rejection of basically more than three decades of bipartisan policy to support working families. it's not a bunch of free loaders. there's only 4% of the total population who don't pay federal income tax and don't work and may not be looking for work. we now have the numbers on this, so, i think that most important thing for him is to find a way to relate to more people in these debates and speak to more of them. this is not the republican primary anymore. >> is he principled, do you think? mitt romney? >> that's not the issue, to me. i think he will -- i think he's principled in the sense that he will keep e commitments that he has made. almost all people when they run for president m
the earned income tax credit. i doubled the earned income tax credit. it was signed under the tax credit. reagan started it. we started it with a strong support of republicans in congress. president bush dealt with that, then president obama increased the earned income tax credit for families with more than three children. this is a rejection of basically more than three decades of bipartisan policy to support working families. it's not a bunch of free loaders. there's only 4% of the total...
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Oct 2, 2012
10/12
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tax experts said today 90% of american families are facing llat they call unprecedented tax increases. how much? wyatt andrews is in washington tonight. intt? >> reporter: scott, according to the non-partisan tax policy center, the united states is now on the threshold of one of the largest tax increases in history-- a tax hike that could average $3,500 for every american household. without action by congress, the report says, taxes will go up next year by 20%-- $536 billion overall and will hit americans at every income level, including those living below the poverty line. for a middle-income family making $40,000 a year, taxes will go up by $2,000. the increases are so large secause the nation's biggest tax cuts all expire three months from now on new year's day. cludeinclude the bush-era federal income tax cuts, the payroll tax cut that lowered social security and medicare taxes, and several remaining stimulus tax cuts all go away january 1 unless congress and the president reach a deal on the budget. e ny economists are concerned that a tax increase of that size could shock the ec
tax experts said today 90% of american families are facing llat they call unprecedented tax increases. how much? wyatt andrews is in washington tonight. intt? >> reporter: scott, according to the non-partisan tax policy center, the united states is now on the threshold of one of the largest tax increases in history-- a tax hike that could average $3,500 for every american household. without action by congress, the report says, taxes will go up next year by 20%-- $536 billion overall and...
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Sep 30, 2012
09/12
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the one tax that will come down is the uncertainty tax. the uncertainty of washington politics will be positive for the u.s. economy. >> that's true. companies have been in lockdown mode. they don't want to make a decision with uncertainty out there. >> it is infuriating. >> it is. >> watatching washington not understand the incredible drag they put on the u.s. economy by not making a decision. american business is very good at makes money if they tell you the rules of the game. it is like you are playing the first half of the game but you don't know the rules the second half. what does everybody do? they wait and see. getting past that, a plan to bring the deficit down gradually and knowing the taxes over the next decade would be positive for the u.s. economy. i wish we could get there. >> i couldn't agree more. is infuruating. let's talk about residual damage. government defense contractors will have to lay off workers soon if there is no agreement because they are losing federal dollars of the federal programs that are going away. we wi
the one tax that will come down is the uncertainty tax. the uncertainty of washington politics will be positive for the u.s. economy. >> that's true. companies have been in lockdown mode. they don't want to make a decision with uncertainty out there. >> it is infuriating. >> it is. >> watatching washington not understand the incredible drag they put on the u.s. economy by not making a decision. american business is very good at makes money if they tell you the rules of...
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Sep 30, 2012
09/12
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reduce taxes on the e rich. romney has protested that that true, that he wants to the rich buttes on theitted to reform that share paid in taxes by the rich not change. he says that in intnterviews but never spell that out in way that would d get attention. meme is that t he wants to cut taxes on the rich, but the not, andthahat he would never stood up and w way that would have to command respononse and attention. >> there actually is a way, and not too late, because it is a simple message. true tax reform has the effec rates forg tax everybody, but all these special willest groups, everybody precious special loopholes, deductions. side, against the groups in wawashington. if h he proposes that, that is a .rue thing and that could work i don't thk he is going to do it. >> not to rob the obama people of credit for their advertising campaign. but the ones have been self- inflicted. get $10,000, r rick perry?" ann drives if you cadillalac's." "i like to fire people." these were all voluntarily romney.by mitt >> and
reduce taxes on the e rich. romney has protested that that true, that he wants to the rich buttes on theitted to reform that share paid in taxes by the rich not change. he says that in intnterviews but never spell that out in way that would d get attention. meme is that t he wants to cut taxes on the rich, but the not, andthahat he would never stood up and w way that would have to command respononse and attention. >> there actually is a way, and not too late, because it is a simple...
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Oct 7, 2012
10/12
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romney wants another $5 trillion in tax cuts that he can't pay for. we're not going let that happen. >> no. >> reporter: the president has no public events today and is off celebrating 20 years of marriage with the first lady. the campaign announced a huge fund raising hall for september totaling $181 million. republicans have yet to report their september totals. >> we're in it to win it. >> yeah! >> reporter: ann romney dropped in on campaign volunteers in orlando this afternoon. >> and we got to win. we have to win. >> we are going win florida. i will predict that. >> thank you. >> a recent gallop poll shows a stagger -- staggering amount of younger voters might be sitting the election out. fifty% of the registered voters in the age group will vote next month. that number falls far below the tional average of 78%. in washington, mike emmanuel, fox news. >>> the news edge on maryland now where hundreds of students marched from langley park to the university of maryland in support of maryland's dream act. they trying to ramp up support for question 4
romney wants another $5 trillion in tax cuts that he can't pay for. we're not going let that happen. >> no. >> reporter: the president has no public events today and is off celebrating 20 years of marriage with the first lady. the campaign announced a huge fund raising hall for september totaling $181 million. republicans have yet to report their september totals. >> we're in it to win it. >> yeah! >> reporter: ann romney dropped in on campaign volunteers in...